Transaction in Own Shares

Smith & Nephew Plc
23 August 2007



Smith & Nephew PLC


23 August 2007

Smith & Nephew PLC - Transaction in Own Shares

Smith & Nephew PLC announces that on 23 August 2007 it purchased 925,000
ordinary shares of US$0.20 at a price of 570.1785 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew PLC holds 33,038,000 ordinary
shares in treasury, and has 913,365,904 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary





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